Categories: Canada

Why the Tesla Model 3 is no longer eligible for a $5,000 federal EV rebate

OTTAWA — The Tesla Mannequin 3 will not high the record of Canada’s most rebated electrical automotive.

Transport Canada says the favored battery-operated car was faraway from the eligibility record for the federal zero-emission car rebate in late November.

The carmaker simply raised the bottom value for the Mannequin 3 to $59,990, nicely above the $45,000 qualifying value to get the $5,000 rebate.

In 2019 the corporate lowered the value to simply below $45,000 to make it eligible for the rebate.

Because the rebate program started in Might 2019, almost 35,000 Teslas certified for it, greater than twice as many because the second-place Toyota Prius.

Greater than half a billion {dollars} has been spent on EV rebates within the final three years, of which greater than one-third went to Teslas.

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